It's possible to create a 360 Video in blender?
There is a great App VRAIS which uses Blender and they provide a tutorial of how to render stereoscopic panoramas for this App:


  
  Render dimension: 2048x1024 for starters, and for final rendering 4096x2048 (just type in 200% in the render percentage).
  In the Render Layers Panel, enable "Views"
  Set your camera to Panoramic. Choose "Equirectangular" from the dropdown menu
  Enable "spherical stereo" (Only available in Dalai's version)
  set the pivot point to „Center“
  


Or you could watch some not so static 360° Videos on YouTube. Pedro Gaspar made a tutorial of how to create them in Blender. Blenderrendersky already created some videos in the BGE with this method.